Vishal Mega Mart reported its unaudited consolidated financial results for Q1FY27, posting a net profit of ₹258.8 crore, a 25.6% increase from ₹206.1 crore in the corresponding period last year. Revenue from operations grew 18.7% to ₹3,727.0 crore, driven by strong operational performance and store expansion. The Board of Directors approved the results on July 23, 2026.

Q1FY27 Financial Highlights

The company's quarterly performance reflects growth across key financial metrics. EBITDA rose to ₹544.6 crore from ₹459.2 crore year-on-year, while the EBITDA margin remained stable at 14.6%. Gross profit increased 19.9% to ₹1,068.8 crore, with a margin improvement to 28.7% from 28.4%. The following table summarises the key financial metrics:

Operational Performance

Vishal Mega Mart achieved a Store-Specific Sales Growth (SSSG) of 10.0% for the quarter. The retailer added 27 gross and 24 net stores in Q1FY27, bringing the total store count to 819 across 559 cities and 28 states and 2 union territories. The retail footprint expanded to 1.38 crore sq. ft. Revenue was driven primarily by the Apparel segment, which contributed 47.4% of total sales, followed by General Merchandise at 27.3% and FMCG at 25.2%. Own brands contributed 75.2% to revenue.

Strategic Initiatives

The company continues to expand its quick commerce platform, with hyperlocal delivery available in 767 stores covering 520 cities. Registered users for the platform grew 44% year-on-year to approximately 1.41 crore. Additionally, the loyalty program base reached around 17.5 crore registered customers, contributing approximately 95% of the company's revenue.

Vishal Mega Mart has accepted the resignation of Manoj Kumar from the position of Chief Operations Officer, effective September 11, 2026. Kumar tendered his resignation on July 16, 2026, citing personal reasons. He will be relieved from his duties at the close of business hours on the specified date, in accordance with the terms of his employment.

The disclosure was made to the National Stock Exchange of India Ltd. and BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the necessary disclosures as per the SEBI Master Circular dated January 30, 2026, have been submitted.

Management Transition

The resignation follows the company's earlier announcement regarding the appointment of Mr. Shashi Gumma as Chief of Operations. The disclosure dated June 15, 2026, highlighted Gumma's extensive experience in the retail sector. He is an alumnus of the Indian Institute of Technology (IIT), Kharagpur, and the Indian Institute of Management (IIM), Ahmedabad.

Profile of Shashi Gumma

Gumma brings over two decades of experience across food and grocery retail, B2B distribution, and large-format retail operations. His appointment is part of the company's broader strategy to strengthen its leadership team.

The resignation letter from Manoj Kumar confirmed his intention to serve the full notice period and ensure a smooth transition before his departure. The company has not announced any further changes to its senior management structure at this time.